Turkey-focused private equity fund manager Actera Group and investment company Esas Holdings have agreed to sell their joint 98.8 percent stake in Turkey-based roll-on roll-off freight shipping company U.N. Ro-Ro to Denmark-based shipping and logistics firm DFDS for EUR950 million (approximately US$1.2 billion). The acquisition of U.N. Ro-Ro, which operates two port terminals and five shipping routes between Turkey and the E.U., will be funded mostly through debt financing. The transaction is subject to regulatory approval by Turkish, Austrian, German and Italian regulatory authorities and is expected to close in June 2018.